Built 1975 by Oy Wärtsilä Ab Turku Shipyard in Finland and renovated 1986 and 1993 by Lloyd Werft, Bremerhaven, Germany and got converted into a cruise ship, with her bow unloading doors permanently welded.

At the same time, the Delphin Seereisen and later Delphin-owned Hansa Kreuzfahrten of Germany, had been chartered until bankruptcy.

Due to the insolvency of Delphin Kreuzfahrten in October 2010, ship was not returned until late 2011 which had been sold to Vishal Cruises Pvt.

As of February 7, 2018, MV Delphin is chartered by the first cruise line in the Argentine Republic, Alteza Cruises The Delphin operate from the Port of the city of Buenos Aires with various itineraries including Patagonia, southern Brazil, southern Chile and Antarctica.

The shipping company Alteza never started operations, giving rise to the accusations of fraud that had been published by the Argentine digital newspaper Noticias de Cruceros.